ATLValue

It's official now. Time for more dilution courtesy of Supreme Leader Watsa and his superior voting power.

"they are not restricted in the leverage they take" and "they are much more conservative" - don't these two ideas cancel each other out? last year was the biggest M&A year of all time and they had a terrible year ... they aren't a bulge bracket and they don't have the scale.

1) trader is a great movie 2) i think you're asking the wrong forum 3) im not sure where you could find this info without paying for it but try looking at http://www.elliottwave.com/ -

Agreed! Again, why does Jefferies deserve a premium, just because Leucadia is the owner???

Why should Jefferies be more valuable thank Goldman? Goldman is consistently making much more money than Jefferies AND they are too big to fail. Jefferies would be allowed to fail in a crisis. I agree with your general point though LUK today is much different than it was in the past

thanks for the heads up!

If your logic was sound than why doesn't every single company just issue shares all the time? Companies don't do this because for an issuance to be a neutral event you're assuming that Fairfax can earn an ROE that it is consistent with previous results (even though it has just increased equity)... More importantly IMO, this action continues to reduce the voting power of those existing shareholders who don't participate in the offering

That is a good question, I think that is correct though, normally they would hold some cash in escrow for 1 - 2 years for future liabilities. It should be in the purchase agreement so you can look that up. One question I have is how long will it take to receive this license from OFAC? I'm assuming it is just a matter of filing the paperwork but what is the real risk here? BTW, I bought a position this morning, Risk / Reward is really attractive considering the deal has already gone through. Great trade in a volatile market IMO

http://publications.credit-suisse.com/tasks/render/file/index.cfm?fileid=AE3E00B9-91E2-D1FA-6C18765D3A968D73 Long term equity returns in the US (1900 - 2015) was 6.8%

good luck shorting volatility, that strategy always works our great ... until it doesn't

Not my opinion but definitely a divergent view from most everyone on this board: "Buffett is a charlatan precisely because he hides his secrets behind his Barnum act of public-spiritedness. One secret has been pretty well outed by now, both here on the site and elsewhere– namely, the man is the Capablanca of the tax code. The other secret is the one he hides in plain sight. He gets extraordinary earnings out of his headcount. For a sane company that avoids stupid leverage on its balance sheet, the employees are the liability that matters most; and the Oregano manages that liability with the same skill that the 19th century Titans did. BRK-A's known earnings (the average of the current year's report and the consensus prediction for the next 12 months) are roughly $65K/employee. GM has known earnings/employee of $28.5K. As a number, known earnings/employee may seem bizarre but it is the best predictor of how consistently a company can continue to generate profit. We have used the same kind of benchmark in our own assessment of our private businesses; and it has never failed. We have, every time we have gone away from it in the name of "investing in growth", etc. We don't actually know if this really is Buffett's secret sauce; this is likely pure vanity on our part. But, if, like him, you invest by buying stakes in public companies as if they were private businesses" http://www.dailyspeculations.com/wordpress/?p=10542

http://www.bloomberg.com/news/articles/2016-01-28/buffett-to-join-ballmer-alba-on-nbc-s-celebrity-apprentice-

thanks for posting

We missed tickets by a few minutes from someone selling on Facebook. (a friend of a friend) Cancel cable and watch almost anything, including live sports through your internet connection on your TV. Any good links to share about this? How is it different from Roku / Apple TV?

Garmin Fenix 2 watch for $200